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Jul 24, 2011
07/11
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taking a big step st in the right direction. it is pretty clear to me that they are just not willing tong do it. that the next election mattershe more than doing what is right t for the country.or i am not worried about them n w next election. i told the president monthsld pe ago, forget the next election. if we do the right thing forif h the country, we won't have to ho worry about who is going tooing get elected and who isn't. >> speaker boehner, want to thank you, as always, forlways r coming in and we will see how the world turns this week, sir. >> we sure will.eure >>> coming up, our sunday panel and how the debate overebt the debt ceiling is playing plag out. and what will happen next. my cream is what makes stouffer's fettuccini alfredo so delicious. i think you'll find it's the vegetables. deliciously rich. flavorful! [ female announcer ] together at last. introducing new stouffer's farmers' harvest with sides of lightly sauteed farm-picked vegetables. find more ways to get to the table at letsfixdinner.com. vietnam, 196
taking a big step st in the right direction. it is pretty clear to me that they are just not willing tong do it. that the next election mattershe more than doing what is right t for the country.or i am not worried about them n w next election. i told the president monthsld pe ago, forget the next election. if we do the right thing forif h the country, we won't have to ho worry about who is going tooing get elected and who isn't. >> speaker boehner, want to thank you, as always, forlways r...
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Jul 24, 2011
07/11
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, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have to accept it. so, both sides have these weakness in their bargaining positions. >> jamie: byron york of the washington examiner, i know you wrote a great piece on this yesterday and we'll follow your commentary how things are going in washington. thanks for weighing in, today. >> thank you, jamie. >> eric: right now it is ten at night in hong kong and 11:00 at night in tokyo and, in hours when the traders wake up and go to work, what will happen? all eyes are anticipating what could happen when trading beginnings in
, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have...
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Jul 16, 2011
07/11
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CSPAN
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it is hard to do a big package. our republican friends have said they are not willing to do revenues and they have repeated that on several occasions. i hope that they are listening not just to lobbyists for special interests here in washington, but they are also listening to the american people, because it turns out, many polls done by your organization show that it is not just democrats who show we need to take a balanced approach, many republicans do as well. many republican voters think that any deficit reduction package should have a balanced approach and should include some revenues. it is not just democrats. it is a majority of republicans. you have a whole slew of republican officials from previous administrations. you have a bipartisan commission that has said that we need revenues. this is not just a democratic understanding, this is an understanding that the american people believe we should not be asking sacrifices from middle- class folks who are working hard every day, from the most vulnerable in our s
it is hard to do a big package. our republican friends have said they are not willing to do revenues and they have repeated that on several occasions. i hope that they are listening not just to lobbyists for special interests here in washington, but they are also listening to the american people, because it turns out, many polls done by your organization show that it is not just democrats who show we need to take a balanced approach, many republicans do as well. many republican voters think...
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Jul 25, 2011
07/11
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i didn't become speaker of the house because i wanted a big fancy job. i wanted to be speaker so i could do what it takes to -- we have a spending problem. i'm going to do everything can i to tackle this problem as big a way as can i because it's the right thing for the country. >> chris: even if it causes heart burn for the g.o.p. caucus. >> it's the right thing for our country. >> chris: you now say that you and the president are from different planets. you have two entirely different views of the world. what made you ever think -- what makes you seem to think even now that you can make a deal with this president with this views on trillions of dollars in spending, entitlement lings and taxes? >> chris, ways born with the glass half full. i am the opt mist. it's about trying to find common ground. yes, i understand the president feels that we need a bigger government and more spending here in washington. i believe allowing the american people to keep more of that money is the best way to create jobs and grow our economy. it's almost like we come from t
i didn't become speaker of the house because i wanted a big fancy job. i wanted to be speaker so i could do what it takes to -- we have a spending problem. i'm going to do everything can i to tackle this problem as big a way as can i because it's the right thing for the country. >> chris: even if it causes heart burn for the g.o.p. caucus. >> it's the right thing for our country. >> chris: you now say that you and the president are from different planets. you have two entirely...
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Jul 24, 2011
07/11
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during the reagan years when we had a big budget reduction, it was 60 billion. when we had the big agreement with clinton, again, we're talking about billions. they're talking trillions now. >> so it's huge. >> it's huge, and it touches everything, defense and taxes and entitlements, discretionary spending and trying to get thehe right blend and result is not easy. >> let me ask you about presidential clout. president obama made it a big deal in his press conference about not having his phone call returned. i mean, is that odd? can you imagine a president calling congress and not getting his call returned? >> well, i have to say i think i can recall times in the past where, you know, if you don't have anything you can say to the president, you're going to wait until you've got a constructive comment to make. i don't think he didn't get the call. he didn't get the call in the time he expected, but, you know, they're all in this together. they realize that, and now they're bumping up against a real deadline. it may be 4:00 this afternoon. it may be next -- august
during the reagan years when we had a big budget reduction, it was 60 billion. when we had the big agreement with clinton, again, we're talking about billions. they're talking trillions now. >> so it's huge. >> it's huge, and it touches everything, defense and taxes and entitlements, discretionary spending and trying to get thehe right blend and result is not easy. >> let me ask you about presidential clout. president obama made it a big deal in his press conference about not...
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Jul 7, 2011
07/11
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they are convincing one another that it is not that big after deal. so right now the white house's big hope and i don't think it is misplace said that if we go to do doom's days on this, the hope is people that get blamed will be the republicans. >> that's option 2. that's default. i've given you two options. >> it's not default if we don't stop sending out the checks. if we keep sending out the checks, it's not default. we didn't default in '95. we just got near to it. >> does the president then say, okay, i'll agree to the republican plan? what's the third option besides default and defeat? how does he force his point of view, which is a reasonable balance, two or three to one, spending cuts to revenue hikes. >> i have no idea. i should say they're talking four or five to one. >> how do we get to there then? >> he can't. on his own we simply cannot. we live in a country, the constitution, the constitution has ultimate power. a lot of people think he could ignore them by asserting constitutional authority, but that is really dependent on the supreme
they are convincing one another that it is not that big after deal. so right now the white house's big hope and i don't think it is misplace said that if we go to do doom's days on this, the hope is people that get blamed will be the republicans. >> that's option 2. that's default. i've given you two options. >> it's not default if we don't stop sending out the checks. if we keep sending out the checks, it's not default. we didn't default in '95. we just got near to it. >>...
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Jul 24, 2011
07/11
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>> after six months conversations with the president about doing the big deal, and taking a big step in the right direction, it is pretty clear to me they are just not willing to do it and the next election matters more than what is right for the country. i am not worried about the next election. forget about the next election. if we do the right thing for the country, we'll not have to worry about who will get elected and who isn't. >> chris: speaker boehner, i want to thank you always coming in . we'll see how the world turns this week. >> we sure about well. >> chris: how the debt ceiling is playing out. what happens next. change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> i think o
>> after six months conversations with the president about doing the big deal, and taking a big step in the right direction, it is pretty clear to me they are just not willing to do it and the next election matters more than what is right for the country. i am not worried about the next election. forget about the next election. if we do the right thing for the country, we'll not have to worry about who will get elected and who isn't. >> chris: speaker boehner, i want to thank you...
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Jul 5, 2011
07/11
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he is going to the same big donors and asking them to write as big a check as they can so that he shows a big number only a portion of that can actually be spent on the primary election effort. host: kenneth vogel is our guest, a senior reporter for the politico. caller: i have had a question caller: i have had a question for a long time concerning the public unions, the teacher unions, and all those other types of unions. they put a lot of money towards candidates, but it is that taxpayer money paying for these public unions. i am a republican and i do not want my money to go to who they usually want their money to good to. hal in the world this -- is that constitutional or legal? host: what union are you in? you did not want your money going to the democrats. which union are you in? are you in a union? caller: no, i am not a union. as a taxpayer, i know that the public unions support the democrats usually. i am concerned that my money is going toward, you know, going out there. it is going to candidates that i would never support. host: logan in maryland. guest: unions are big spender
he is going to the same big donors and asking them to write as big a check as they can so that he shows a big number only a portion of that can actually be spent on the primary election effort. host: kenneth vogel is our guest, a senior reporter for the politico. caller: i have had a question caller: i have had a question for a long time concerning the public unions, the teacher unions, and all those other types of unions. they put a lot of money towards candidates, but it is that taxpayer...
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Jul 1, 2011
07/11
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>> we have a big problem with the definition. when the president or you or other democrats talk about millionaires and billionaires, what they are talking about is individuals who make $200,000 a year or more. or couples, small businesses also that make $250,000 a year. these are the people who create jobs. these are the job creators, juan. it is basic economics, if you take money from people in businesses the less money they have then to save, invest, create new businesses and hire people it is as simple as that. >> right on target monica crowley. i think that is right the president is not talking about small business. he's talking about the people who are hedge fund managers. corporate jets for people who are superstars on wall street or football team owners or whatever. he's not talking about you and me. [ talking over each other ] >> juan, if they tax all of the super rich at 100%, confiscated all of their income and assets it would be such a miniscule amount compared to the deficit and national debt. >> good point. >> thank
>> we have a big problem with the definition. when the president or you or other democrats talk about millionaires and billionaires, what they are talking about is individuals who make $200,000 a year or more. or couples, small businesses also that make $250,000 a year. these are the people who create jobs. these are the job creators, juan. it is basic economics, if you take money from people in businesses the less money they have then to save, invest, create new businesses and hire...
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Jul 10, 2011
07/11
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for democrats, the big divide will be over seoul's security. the administration has signaled some willingness to start addressing social security and may be cutting a program of debt and that is something that many rank-and-file democrats say is a nonstarter for them. >> medicare? >> that is something that a lot of democrats have objections to. they see it as something back and use -- be used effectively for the in the 2012 elections. people don't like those cuts of they are unwilling to give that up as a political weapon. >> what does that mean for getting some sort of deal out of the house? is the dynamic the same in the senate? >> it is fairly similar in both chambers right now. right now, they're walking a tight line. the more the republicans know that they need 50 or 60 democrats to pass it out of the house. the problem is not anything except they have to give up certain things and push more republicans away. the way to balance losing republicans looking democrats is very difficult for them. you see the minority leader nancy pelosi and ste
for democrats, the big divide will be over seoul's security. the administration has signaled some willingness to start addressing social security and may be cutting a program of debt and that is something that many rank-and-file democrats say is a nonstarter for them. >> medicare? >> that is something that a lot of democrats have objections to. they see it as something back and use -- be used effectively for the in the 2012 elections. people don't like those cuts of they are...
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Jul 10, 2011
07/11
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how big a government do we want? we don't want to use the opportunity presented by the president's request of us to raise the debt ceiling to freeze in perpetuity this much government. i don't think the american people want it. i don't think it's good for the economy. >> bret: so is a big deal, $4 trillion deal off the table? >> i think it is. everything they told me and the speaker is to get a big package would require big tax increases in the middle of the economic situation that is extraordinarily difficult with 9.2% unemployment. we think it's a terrible idea. it's a job-killer. >> bret: you mention the unemployment rate. it came out friday, 9.2%. uptick, 18,000 jobs only created in june. in your opinion how much has the jobs report affected negotiations? >> well, it incentivizes to us do a big package without raising taxes, but unfortunately, i think the president is not thinking the same thing he did six months ago when the economy didn't seem to me as bad as it is today and he was making arguments of raising t
how big a government do we want? we don't want to use the opportunity presented by the president's request of us to raise the debt ceiling to freeze in perpetuity this much government. i don't think the american people want it. i don't think it's good for the economy. >> bret: so is a big deal, $4 trillion deal off the table? >> i think it is. everything they told me and the speaker is to get a big package would require big tax increases in the middle of the economic situation that...
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Jul 12, 2011
07/11
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that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national crisis with our debt. i believe that it endangers the nation because the erskine bowles who chaired the debt commission, appointed by president obama, has told us that we are facing an economic crisis as a result of the debt and written testimony to the budget committee, and he warned that we have to change the course we're on. i certainly believe that's true and i believe the rogoff and reinhart study affirmed by secretary geithner is correct, that it's already pulling down our growth. i'm really worried about the future
that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national...
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Jul 3, 2011
07/11
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the vast majority of economists said it is not a big deal to read -- increased taxes during a recession. the democrats think the rich should have more a burden. we already have a progressive tax cause of the rich to pay more in taxes. if they want the rich to have more of a burden in trying to figure out how to correct the debt problem, one way we could do it which is a common ground is means testing on benefits. that would allow the rich to absorb more of a burden and would allow them to pay more for their medicare and i think this would please the democrats and it would be the compromise because republicans, most of us don't want to raise taxes but we would accept the risk having more of the burden by reducing their benefits. >> the tax code is pretty complicated. we keep hearing suggestions about delaying the decision making and doing a temporary measure. would you support a temporary fix to tackle the bigger subjects? >> i was part of a group this week that said no more, we are tired about talking about extraneous issues. there was not one minute of debate about the death still in a
the vast majority of economists said it is not a big deal to read -- increased taxes during a recession. the democrats think the rich should have more a burden. we already have a progressive tax cause of the rich to pay more in taxes. if they want the rich to have more of a burden in trying to figure out how to correct the debt problem, one way we could do it which is a common ground is means testing on benefits. that would allow the rich to absorb more of a burden and would allow them to pay...
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Jul 25, 2011
07/11
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take a look at the big money. the pentagon's procurement budget is $140 billion and research is another $80 billion, so one-third of the budget. if you look at the top of the procurement list, the stryker went from $40 million to $60 million to $100 million and now they are talking about the second engine. why? it will be done by general electric. there are 2000 planes, and you do the arithmetic, this is for a plan that does not even fly. that will give you some of how the procurement is being done. guest: the joint strike fighter is the largest program on the pentagon books. the costs have continued to growth route in light of the program. for a variety of reasons from problems with testing. two-marine corps is on ta yer probation. the problem is that these increases have become more run- of-the-mill than they should be. host: why not just go down to the hard wear store and buy a piece of plywood or whatever? why go with the fancy more expensive piece of equipment? off of twitter -- talk was about the rules and r
take a look at the big money. the pentagon's procurement budget is $140 billion and research is another $80 billion, so one-third of the budget. if you look at the top of the procurement list, the stryker went from $40 million to $60 million to $100 million and now they are talking about the second engine. why? it will be done by general electric. there are 2000 planes, and you do the arithmetic, this is for a plan that does not even fly. that will give you some of how the procurement is being...
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Jul 10, 2011
07/11
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KPIX
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that's the big difference. the american people expect us to bring this spending down to reasonable levels before they're asked to pay more taxes. >> jeffrey.... >> schieffer: before he.... >> i just want to say this, bob. jeffrey, you have to acknowledge that part of our deficit problem was the huge bush tax cuts in the early part of the decade. that accounted by what was handed off to the new administration of over a trillion dollars of annual deficit. that accounted for almost half of it. so, if you're going to be real about the numbers, you're going to have to address these kinds of things. >> that's not accurate, bill. revenue went up every single year after those tax cuts were put in. the revenue is down now because of the low economy. you're right about that. i would agree. so the question is do we... it's not because taxes have been cut in recent years. it's because people are not making money. they're not paying as much taxes. so increasing taxes on that weakened economy is not the way to increase reven
that's the big difference. the american people expect us to bring this spending down to reasonable levels before they're asked to pay more taxes. >> jeffrey.... >> schieffer: before he.... >> i just want to say this, bob. jeffrey, you have to acknowledge that part of our deficit problem was the huge bush tax cuts in the early part of the decade. that accounted by what was handed off to the new administration of over a trillion dollars of annual deficit. that accounted for...
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that's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the course. jeff, does it strike you as just kind of bad politics, bad timing? what's your take on this? >> i don't think anyone in the world cares much who's the treasury secretary. people care that the economy is not recovering, and he is the leading representative of it other than the president himself. things were getting better in may. they stopped getting better. this is a problem in substance, and it's a problem politically. shuffling around the boxes doesn't matter, but the lack of a sense that anything is getting better
that's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the...
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Jul 19, 2011
07/11
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this is a big deal. the idea that because it is a short bill, it is no big deal, which cannot follow regular process. that is not the weight -- the right way to go. >> thank you, mr. mcgovern. miss foxx, if you read the bill, that only applies the fiscal year 2012. it sets of budget targets for 10 years. the only way that cap applies is the first year. the remaining years continually ratcheted down. it is in the section related to the cut, ok? it goes cut, and then capped, rigging of thee id constitution, that is what it does. so if you look at the constitution, i would urge the american people not just to read this. but read it in connection to the constitutional provision that they are proposed, which jerry rigs the constitution of the united states in a way that favors by definition cussed the things like medicare over closing corporate loopholes. it requires two-thirds to eliminate the corporate tax loophole for the purpose of that is a reduction. you're going to put that into the constitution of the
this is a big deal. the idea that because it is a short bill, it is no big deal, which cannot follow regular process. that is not the weight -- the right way to go. >> thank you, mr. mcgovern. miss foxx, if you read the bill, that only applies the fiscal year 2012. it sets of budget targets for 10 years. the only way that cap applies is the first year. the remaining years continually ratcheted down. it is in the section related to the cut, ok? it goes cut, and then capped, rigging of thee...
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Jul 10, 2011
07/11
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very hard to do a big deal, too. obviously, we have to pass an agreement, but the president will be working towards the largest possible deal because that's what's right for the country. >> the specific consequences of inaction and potential default -- that august 2nd date is coming. this is a big issue in congress and also among those running for president or perhaps running for president. sarah palin did an interview with "newsweek" and said this is not the apocalypse here. i'm asking you specific consequences to the united states of getting to august 2nd without raising the debt limit. >> let me that i can this clear, david, the united states is not going to default. we're a country that pays its bills. we're going to meet our obligations, and leadership in congress, republicans and democrats, house and senate, understand that. speaker boehner, to his credit, said from the beginning, we are not going to default as a country, because he understands it would be catastrophic for the american economy. let me explain w
very hard to do a big deal, too. obviously, we have to pass an agreement, but the president will be working towards the largest possible deal because that's what's right for the country. >> the specific consequences of inaction and potential default -- that august 2nd date is coming. this is a big issue in congress and also among those running for president or perhaps running for president. sarah palin did an interview with "newsweek" and said this is not the apocalypse here....
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Jul 15, 2011
07/11
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s'mores are big for us. i would rather have them at home. so -- who hasn't had a question the past couple days? you? >> you talked a little about kind of the mood in the room and how you're getting kind of get up with some of the discussions -- >> we are set up. i'm saying the president has more patience than job. i don't compete with him in that regard. >> the meeting when it broke down yesterday and president slammed back his chair and stood up and said, see you tomorrow. i'm wondering if you can talk about generally the mood of the meeting last night throughout the whole thing and what happened yesterday? >> i don't understand the problem is if the president of the united states after a meeting over two hours stands up and says see you tomorrow. that's how meetings with president's end. you don't leave first. the president leaves first. so that was completely appropriate, unless somebody in the room thought he or she should have the last word and start the exit from the meeting. but that would be i think a breach of protocol. >> you talke
s'mores are big for us. i would rather have them at home. so -- who hasn't had a question the past couple days? you? >> you talked a little about kind of the mood in the room and how you're getting kind of get up with some of the discussions -- >> we are set up. i'm saying the president has more patience than job. i don't compete with him in that regard. >> the meeting when it broke down yesterday and president slammed back his chair and stood up and said, see you tomorrow....
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Jul 1, 2011
07/11
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a big conversation here with politico's mike allen in aspen next on "andrea mitchell reports." toward mountains of sand. toward new sights and sensations. toward the true bounty of nature so let's set our compass for traverse city and find ourselves. in the magic, and the moments of pure michigan. your trip begins at michigan.org. with new extra-strength bayer advanced aspirin. it has microparticles, enters the bloodstream faster and rushes relief to the site of pain. it's clinically proven to relieve pain twice as fast. new bayer advanced aspirin. ♪ [ cat meows ] ♪ [ whistle ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. diabetes testing? what else is new? you get the blood, hope it's enough, it's-- what's this? freestyle lite® blood glucose test strip. sure, i'll try it, but-- [beep] wow. yep, that's the patented freestyle zipwikâ„
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Jul 22, 2011
07/11
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you said your bottom line has been a big deal. that is not going to happen. are you going to be willing to go back to just raising the debt ceiling? >> i think i have been consistently saying in the press room and everywhere that it is important for to us raise the debt ceiling. we don't have an option on that. so if that is the best that congress can do, i will sign an extension of the debt creeling to take it through -- debt creeling to take it through 2013. i don't think it's enough. we should do more. the bare minimum, the floor of what the american people expect us to do. so i would like to see us do more. when i meet with the leadership tomorrow i'm going to say let's do more. if they tell me that is the best they can do, then i will sign an extension that goes to 2013 and make the case to the american people we have to continue going out there and solving this problem. it's the right thing to do. it's time to do it. we can't keep putting it off. >> you suggested that speaker boehner didn't return phone calls this afternoon. can you elaborate on that? >
you said your bottom line has been a big deal. that is not going to happen. are you going to be willing to go back to just raising the debt ceiling? >> i think i have been consistently saying in the press room and everywhere that it is important for to us raise the debt ceiling. we don't have an option on that. so if that is the best that congress can do, i will sign an extension of the debt creeling to take it through -- debt creeling to take it through 2013. i don't think it's enough....
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Jul 23, 2011
07/11
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and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an infrastructure. toward that end, provisions to improve the transparency and stability of the derivatives market and strength since he th -- strengthens the parts of the infrastructure. we and other agencies are moving this work for in consultation with the corporate foreign regulators. u.s. agencies are working to address structural weaknesses in areas not as easily addressed by the at, such as taconic repo -- such as the repo market. the fed is committed to the promulgation of rules that are sensible, protect smaller community institutions, and promote the
and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an...
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Jul 3, 2011
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i see the threat of a big problem. but i do not see the parties moving beyond their entrenched positions. in fact, i would characterize this week as a week of entrenchment and deepening the difference. if you want to use a military metaphor, digging trenches deeper. the president's press conference was about establishing the democratic point of view and pushing it out. there was a bit of jawboning with republicans that did not go over well. you cannot create an atmosphere for creating a deal by suggesting your opposition party leaders in congress are less disciplined than 10 and 13-year- old. things are in a much tougher position and i do not see the end game. >> i would agree on the point that you throw like a girl is not the way to get people to come to your side. nor is it a 21st century thing to say. i think these guys are stumbling and bumbling. it reminds me of "thelma and louise." these guys are screaming at each other and don't even know the cliff is there and to the extent they do, they have forgotten about it
i see the threat of a big problem. but i do not see the parties moving beyond their entrenched positions. in fact, i would characterize this week as a week of entrenchment and deepening the difference. if you want to use a military metaphor, digging trenches deeper. the president's press conference was about establishing the democratic point of view and pushing it out. there was a bit of jawboning with republicans that did not go over well. you cannot create an atmosphere for creating a deal by...
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Jul 29, 2011
07/11
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they will have a big meeting in our building about this. another question -- i get paid on the first and the third. already --checks even if it goes down and they are scared everyone sells security, we will not get their checks. host: a couple of veterans call this morning and said that their military pay has already come through. we are waiting outside the senate with reporters gathered to hear from democratic leaders. you can see harry reid is speaking on the senate floor now on c-span 2. once he is done, he will come out in front of reporters and take questions and possibly other leaders. while we wait for that to happen, we will continue with your calls. caller: texas, democrats line, go ahead. ason't know what is going on far as the welfare system. host: you are breaking up but it is tough to understand so we will let you go. in washington, republican line, what is your town? caller: parkersburg, west virginia. i am watching best. this. i don't think people understand that we have not had a budget for two years before this. we need a b
they will have a big meeting in our building about this. another question -- i get paid on the first and the third. already --checks even if it goes down and they are scared everyone sells security, we will not get their checks. host: a couple of veterans call this morning and said that their military pay has already come through. we are waiting outside the senate with reporters gathered to hear from democratic leaders. you can see harry reid is speaking on the senate floor now on c-span 2....
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Jul 5, 2011
07/11
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the economic problem there's are no big secret. you can see it bounced back quickly after a mid-day dip. >>> netflix soaring 8% on word it's expanding it's video streaming business to 43 countries in latin america and the caribbean. >>> and chinese search engine is teaming up with microsoft to deliver big results on their search page. no compensation involved but the companies see it as a win-win proposition. >>> that's it for cnbc. we are first in business worldwide. and now back to chris and "hardball." >>> welcome back to "hardball." the republican party is known for resting mitch of its power in governing and pride themselves in picking a presidential candidate early as they did with george w. back in 2000. why are we seeing gop leaders coalescing around a candidate? why don't they seem to be happy with the candidate list making the rounds now? chief are politic coe and with new york magazine covering the romney campaign for what it is up in new hampshire. i want to start with john harasin. jump in there right away, seems to me
the economic problem there's are no big secret. you can see it bounced back quickly after a mid-day dip. >>> netflix soaring 8% on word it's expanding it's video streaming business to 43 countries in latin america and the caribbean. >>> and chinese search engine is teaming up with microsoft to deliver big results on their search page. no compensation involved but the companies see it as a win-win proposition. >>> that's it for cnbc. we are first in business worldwide....
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Jul 5, 2011
07/11
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blow him up so he looks big and fat so we can eat him? like a christmas turkey. >> well -- >> clinton is that strategic? >> that's strategic times ten. i wouldn't put anything past bill clinton in that area. there is a means a notion, that romney is better and on the stump, i can say i've seen him a couple times today and yesterday, i think it's generally true. he is more comfortable speaking in front of groups. more comfortable taking questions from people. he is more natural and more fluid and easier on his feet, but he still does have the tendency sometimes to put his foot in his mouth and the to put his foot in his mouth. the problem for him, because he has this reputation from 2008 as having been a flip-flopper everyone's antennas are on alert trying to catch him flip-flopping again. that's true for republican establishment and primary voters. they think that's a big problem for him and are giving him more scrutiny in that area than they would for other candidates. >> is he mr. right or mr. right now? >> certainly mr. right now. you
blow him up so he looks big and fat so we can eat him? like a christmas turkey. >> well -- >> clinton is that strategic? >> that's strategic times ten. i wouldn't put anything past bill clinton in that area. there is a means a notion, that romney is better and on the stump, i can say i've seen him a couple times today and yesterday, i think it's generally true. he is more comfortable speaking in front of groups. more comfortable taking questions from people. he is more natural...
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Jul 29, 2011
07/11
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CSPAN2
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now, i get a big kick out of this "time" magazine, "the new new deal." using the financial crisis of 2008 and 2009, he was going to transform the united states into a european-style social democracy. businesses and the individuals who start them would no longer be free entities with property rights. they would be arms of the state that exist for the purpose of funding ever-expanding welfare programs. taxation would no longer be a necessary evil with citizens and businesses recognizing a legal duty to pay what was owed but understanding that they were ceding their property rights to the government to provide for certain public goods. instead, businesses and tax-paying citizens would be obligated to share their wealth with the state. and because the progressives running the administration do not believe in natural rights to liberty and property because they think everything -- everything a family or business makes is, in fact, due only to the largeess of the state, paying taxes is no longer something that somebody done but something people should want to d
now, i get a big kick out of this "time" magazine, "the new new deal." using the financial crisis of 2008 and 2009, he was going to transform the united states into a european-style social democracy. businesses and the individuals who start them would no longer be free entities with property rights. they would be arms of the state that exist for the purpose of funding ever-expanding welfare programs. taxation would no longer be a necessary evil with citizens and businesses...
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Jul 24, 2011
07/11
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it's a big, big step forward for the senate. if that could be wrapped into a proposal that would provide the length of time to do it and do it carefully, i think you have an arrangement. but i think this business of -- you know, here you have two months of negotiation with the vice president, and the republican walked out. you had hours of negotiations with the president, and the republican walked out. they said no to simpson bowls, and they said no to the -- >> to be fair, there were parts of simpson bowls that democrats also said no to. we get down to that. because our time with you is short i want to move on a little about that let's say you are more or less optimistic that we will get the debt ceiling done and move on to a different subject? >> i am neither. this is the first time in 19 years that i feel that something that can be done simply is being held hostage for a very high stakes game. >> you have a new bill you call the respect for marriage act, which would undo the defensive marriage act which defines marriage betwe
it's a big, big step forward for the senate. if that could be wrapped into a proposal that would provide the length of time to do it and do it carefully, i think you have an arrangement. but i think this business of -- you know, here you have two months of negotiation with the vice president, and the republican walked out. you had hours of negotiations with the president, and the republican walked out. they said no to simpson bowls, and they said no to the -- >> to be fair, there were...
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Jul 15, 2011
07/11
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KQED
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. >> he is a big -- severely malnourished. >> with the right supplement, he and so many others can survive. >> we are saving children's lives with the generosity of the british public. but we can also help these communities rebuild their lives, restock their animals. and when they finally rains, harvest the water. that is equally important. >> help came too late for this baby, buried at just 20 days old. the sharp twist around his grave stop hyenas from digging up his body. -- the sharp twigs and around his grave stop hyenas from the king of his body. -- from digging up his body. >> now a woman who has spent her career stumping us all. you probably do not know laura jacobson's name, but chances are you have picked up one of proposals. decided it is time to put your dictionary on the shelf. she talks about what it takes to make a career in crossword. >> i got it, ok. my name is laura jacobson and i am a chris of herbalist -- cruciverbalist, which means, someone who makes of crossword puzzles. cruci coming from crossword and verbal is coming from word. -- a verbalist coming from word. margar
. >> he is a big -- severely malnourished. >> with the right supplement, he and so many others can survive. >> we are saving children's lives with the generosity of the british public. but we can also help these communities rebuild their lives, restock their animals. and when they finally rains, harvest the water. that is equally important. >> help came too late for this baby, buried at just 20 days old. the sharp twist around his grave stop hyenas from digging up his...
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Jul 12, 2011
07/11
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i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a smaller government, a more limited government, a more effective vernment, but i think the idea of somebody outside of congress telling us what our tax policy would be is ludicrous. >> rose: (laughs) this is what... i should make a point that we invited senator durbin and senator conrad tonight as well a they'll appear hopefully later this week. this is what david brooks said, as you well know. "if the republican party were a normal party it would take advantage of this amazing moment. it is being offered trillions of dollars in spending c
i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a...
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Jul 2, 2011
07/11
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they're worried the taliban have been preparing a big one. after days of nothing, the insurgents are getting attacked from all sides. >> come on, hustle up. >> reporter: they use mortars first, aiming fortal ban talibae hills. but the incoming fire is very accurate here. >> go, go, go! >> reporter: they arrange cover from heavy machine guns. but the bullets are too close. locals scatter. just before huge american fire power has the last word. four massive air strikes across the hills and then the taliban fall silent. america knew why it came here, but isn't sure why it's staying. >> can we get like a police call for like cigarette butts? >> absolutely. >> reporter: ten minutes later, jets swoop into strafe the hills. a show of force for the taliban are now either gone or dead, at least five killed by the soldiers count. the next morning, it starts again. mortars and rocket propelled grenades pound the base. for a second time in just 15 hours, the place is under attack. much heavier this time and it appears they've taken casualties. more air s
they're worried the taliban have been preparing a big one. after days of nothing, the insurgents are getting attacked from all sides. >> come on, hustle up. >> reporter: they use mortars first, aiming fortal ban talibae hills. but the incoming fire is very accurate here. >> go, go, go! >> reporter: they arrange cover from heavy machine guns. but the bullets are too close. locals scatter. just before huge american fire power has the last word. four massive air strikes...
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Jul 1, 2011
07/11
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a big bank or two fail. this causes a run on american money market funds which have exposure of about a trillion dollars to european banks. and we find ourselves very quickly back at a moment very much like 2008. do you find a scenario like this to be plausible? and if so, what has dodd-frank accomplished? >> maybe i can start and others can join in. first of all, i think it's a terrific and i think central important question. i do think there is real risk right now, as there has been for many months now, that crisis in europe hurts the -- not just the european banking sector but the u.s. banking sector and the u.s. financial sector. the money market fund system is still, i think, not fully resolved. that is i think the sec's changes under rule 287 that improve the liquidity position of money market funds is good. the bazzel liquidity rules that will kick into place for the banking sector are good and will help. the capital margin and collateral requirements in the repo sector will also help significantly. a
a big bank or two fail. this causes a run on american money market funds which have exposure of about a trillion dollars to european banks. and we find ourselves very quickly back at a moment very much like 2008. do you find a scenario like this to be plausible? and if so, what has dodd-frank accomplished? >> maybe i can start and others can join in. first of all, i think it's a terrific and i think central important question. i do think there is real risk right now, as there has been for...
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Jul 11, 2011
07/11
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we will see just how big this ends up being. clearly, it is a significant development in light of what we have seen just sunday, just yesterday, when the news of the world decided to shut down because of its own alleged bad behavior. i want to go back to following what president obama is going to be saying very shortly out of the white house briefing room. obviously, bringing us up to speed about these negotiations that are taking place, democrats, republicans and the president over raising the debt limit, the debt ceiling and what this means in terms of budget cuts, what it means in terms of tax hikes and where they are in this deal. i want to bring back our financial analyst, ali velshi. ali, there is something that is very curious here. we have heard from the treasury secretary, geithner. we have also heard from them too. debt ceiling talks, really important. both of them linking it here. they don't really necessarily have to do with one another. do we think we are going to hear from the president? is he going to make a conne
we will see just how big this ends up being. clearly, it is a significant development in light of what we have seen just sunday, just yesterday, when the news of the world decided to shut down because of its own alleged bad behavior. i want to go back to following what president obama is going to be saying very shortly out of the white house briefing room. obviously, bringing us up to speed about these negotiations that are taking place, democrats, republicans and the president over raising the...
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Jul 22, 2011
07/11
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that shows how big this area of heat is. you can still see heat advisories extending from kansas and toward the mid-atlantic and the eastern seaboard. the heat index from kansas is 106 in wichita and 109 in st. louis and creeping across the northern planes and 92 in minute appear police but the bull's eye is the eastern seaboard and now up to 121 is what it feels like in washington, dc, incredible, and i am sure that is record. and dover, 119, and 116 in newark. a day to stay indoors. at night the temperatures only dropping into the mid 80's. so the house does not cool down and not catching any break from the heat. >> i look forward to the next ice age. when will it end? rick: we are mid-july so the hottest, anyway, so well not see a huge relief but a relief across the north. tomorrow, 94 in chicago and hot across the eastern seaboard at 10- to 15-degrees below today's heat index but the dark colors it heats back up and folks across the south, especially kansas and oklahoma have been dealing with the heat for two months. the
that shows how big this area of heat is. you can still see heat advisories extending from kansas and toward the mid-atlantic and the eastern seaboard. the heat index from kansas is 106 in wichita and 109 in st. louis and creeping across the northern planes and 92 in minute appear police but the bull's eye is the eastern seaboard and now up to 121 is what it feels like in washington, dc, incredible, and i am sure that is record. and dover, 119, and 116 in newark. a day to stay indoors. at night...
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it played such a big part in this boom that got us here, does it have to play a big part in our economic recovery or can we just go on without housing coming back as quickly as we would have liked? >> well, i think we're going to have to go on without housing coming back really quickly. i do think you're right if you have the cash, it might be a good time to buy in some places. but it's hard to get the cash if you don't because credit is pretty tight. in a typical financial crisis, housing is at the center, it takes a long time to work its way out. it comes later than the rest of the economy. i think the rest of the economy will have picked up before the housing market really has a boom again. >> and they shouldn't work independently, right? if the rest of the economy is picking up and more people are working and the stock market which has been doing well but for the last few months, that should lead to an increase in housing -- housing values? >> of course that is the way it should work. but as ken has written quite a bit about in the wake of a financial crisis, the credit conditions ar
it played such a big part in this boom that got us here, does it have to play a big part in our economic recovery or can we just go on without housing coming back as quickly as we would have liked? >> well, i think we're going to have to go on without housing coming back really quickly. i do think you're right if you have the cash, it might be a good time to buy in some places. but it's hard to get the cash if you don't because credit is pretty tight. in a typical financial crisis,...
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Jul 29, 2011
07/11
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how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and infrastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recognized. mr. dreier: mr. speaker, as i listen to my friend from the other side of the aisle, mr. mcgovern, t
how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like...
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Jul 5, 2011
07/11
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there's been a lot of bumps, some pretty big bumps along the way. and it has to do with new entrants into the u.s. as a country, as a political system. again, primarily through immigration. pushing the envelope, as it were, certainly from the standpoint of the majority established community. i'll tabling one example and that's the experience of roman catholics in this country. again, because of major migrations from europe, but in that wave primarily from roman catholics countries such as ireland and italy and poland and so forth, this was profoundly unsettling to the mainstream protestant establishment and there were indeed not only tensions and conflicts but violence in places like philadelphia, for instance, where the main campus -- the original campus of my alma mater, villanova, was torched to the ground. it was in the parish in villanova -- in philadelphia. one of the reasons -- the real reason, the precipitating reason had to do with bible reading in the public schools and whether, you know, catholic kids would be allowed to read the new age
there's been a lot of bumps, some pretty big bumps along the way. and it has to do with new entrants into the u.s. as a country, as a political system. again, primarily through immigration. pushing the envelope, as it were, certainly from the standpoint of the majority established community. i'll tabling one example and that's the experience of roman catholics in this country. again, because of major migrations from europe, but in that wave primarily from roman catholics countries such as...
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Jul 6, 2011
07/11
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outrageous comfort, all-day long. >>> well, all big things are happening now. we're back. president obama held a town hall today, taking questions online from twitter. even house speaker john boehner got in the act. he took the opportunity to throw out a few questions himself. here's one -- will you take job-destroying tax hikes off the table? the speaker even retweeted another one from the afl-cio, where are the jobs? here's another one. after embarking on a adviser spending binge that's left us deeper in debt, where are the jobs? that tweet got a response from the president at the town hall. let's listen. >> this is a slightly skewed question, but what he's right about is that we have not seen fast enough job growth relative to the need. i mean, we lost, as i said, 4 million jobs before i took office, before i was sworn in. about 4 million jobs were lost in the few months right after i took office before our economic policies had a chance to take any effect. we haven't gotten the cooperation i would like to see on some of those ideas and initiatives, but i'm going to kee
outrageous comfort, all-day long. >>> well, all big things are happening now. we're back. president obama held a town hall today, taking questions online from twitter. even house speaker john boehner got in the act. he took the opportunity to throw out a few questions himself. here's one -- will you take job-destroying tax hikes off the table? the speaker even retweeted another one from the afl-cio, where are the jobs? here's another one. after embarking on a adviser spending binge...
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Jul 15, 2011
07/11
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let's go for a big one. let's actually hop on because i'm not a big fan of war. so i thought, hey, why don't we calculate the big can hewna. what would happen kahuna. what would happen if we took in all the money from the corporate jet subsidies and all that money from getting rid of anything that incentivizes fossil fuel expiration, and we also get rid of those bush tax cuts extensions and we are willing to slow down the economy and assume every dime comes in, and we just didn't have any of the wars. we didn't have libya, we didn't have afghanistan, we didn't have iraq, they just all magically went away tomorrow. because we have had repeatedly members from the left stand up behind me these microphones and tell us this would take care of the problem. we just wouldn't have that $1.6 trillion we are going to run in debt this year if we just didn't have these sorts of things. once again it's time to put batteries in the calculator. if we pretend every dime of that all went straight to paying down the debt, it's three hours. it's three hours. and we have actually put
let's go for a big one. let's actually hop on because i'm not a big fan of war. so i thought, hey, why don't we calculate the big can hewna. what would happen kahuna. what would happen if we took in all the money from the corporate jet subsidies and all that money from getting rid of anything that incentivizes fossil fuel expiration, and we also get rid of those bush tax cuts extensions and we are willing to slow down the economy and assume every dime comes in, and we just didn't have any of...